Belgium — crypto regulation

Status: legal · Last reviewed 2026-11-05

MiCA member state (FSMA as NCA). Late MiCA implementer — Act of 11 December 2025 embedded MiCA into domestic law. Twin-peaks model: FSMA (conduct) and NBB (prudential). Pioneered strict crypto advertising rules (Royal Decree, May 2023) requiring mandatory risk warnings.

Legislation

• Law of 16 March 2026 — DAC8 transposition (crypto-asset reporting) (2026)
• Act of 11 December 2025 — MiCA Implementing Law (2025)
• Royal Decree of 5 January 2023 — Crypto Advertising Rules (2023)